MBNE vs. KSLV
MBNE (SPDR Nuveen Municipal Bond ESG ETF) and KSLV (Kurv Silver Enhanced Income ETF) are both exchange-traded funds - MBNE is a Municipal Bonds fund actively managed by State Street, while KSLV is a Silver fund actively managed by Kurv. Both are actively managed. At a 0.05 correlation, their price movements are largely independent. MBNE charges 0.43%/yr vs 1.00%/yr for KSLV.
Performance
MBNE vs. KSLV - Performance Comparison
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Returns By Period
In the year-to-date period, MBNE achieves a 0.84% return, which is significantly higher than KSLV's -6.11% return.
MBNE
- 1D
- 0.00%
- 1M
- -0.15%
- YTD
- 0.84%
- 6M
- 0.73%
- 1Y
- 4.72%
- 3Y*
- 2.92%
- 5Y*
- —
- 10Y*
- —
KSLV
- 1D
- -8.49%
- 1M
- -13.25%
- YTD
- -6.11%
- 6M
- 12.53%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MBNE vs. KSLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MBNE SPDR Nuveen Municipal Bond ESG ETF | 0.84% | 1.00% |
KSLV Kurv Silver Enhanced Income ETF | -6.11% | 48.94% |
Correlation
The correlation between MBNE and KSLV is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 1, 2025 | 0.05 |
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Return for Risk
MBNE vs. KSLV — Risk / Return Rank
MBNE
KSLV
MBNE vs. KSLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Nuveen Municipal Bond ESG ETF (MBNE) and Kurv Silver Enhanced Income ETF (KSLV). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| MBNE | KSLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.36 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.35 | — | — |
| Martin ratioReturn relative to average drawdown | 7.17 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MBNE | KSLV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.68 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.88 | -0.25 |
Drawdowns
MBNE vs. KSLV - Drawdown Comparison
The maximum MBNE drawdown since its inception was -6.19%, smaller than the maximum KSLV drawdown of -44.77%. Use the drawdown chart below to compare losses from any high point for MBNE and KSLV.
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Drawdown Indicators
| MBNE | KSLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.19% | -44.77% | +38.58% |
Max Drawdown (1Y)Largest decline over 1 year | -2.02% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -4.98% | — | — |
Current DrawdownCurrent decline from peak | -1.04% | -44.35% | +43.31% |
Average DrawdownAverage peak-to-trough decline | -1.41% | -19.69% | +18.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.66% | — | — |
Volatility
MBNE vs. KSLV - Volatility Comparison
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Volatility by Period
| MBNE | KSLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.25% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 1.95% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.83% | 72.98% | -70.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.69% | 72.98% | -69.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.69% | 72.98% | -69.29% |
MBNE vs. KSLV - Expense Ratio Comparison
MBNE has a 0.43% expense ratio, which is lower than KSLV's 1.00% expense ratio.
Dividends
MBNE vs. KSLV - Dividend Comparison
MBNE's dividend yield for the trailing twelve months is around 3.15%, less than KSLV's 17.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
KSLV Kurv Silver Enhanced Income ETF | 17.82% | 4.42% | 0.00% | 0.00% | 0.00% |
MBNE SPDR Nuveen Municipal Bond ESG ETF | 3.15% | 3.63% | 3.32% | 3.01% | 1.81% |
Frequently Asked Questions
MBNE and KSLV have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MBNE is cheaper at 0.43% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MBNE is cheaper with a 0.43% expense ratio, compared with 1.00% for KSLV.
KSLV has the higher dividend yield at 17.82%, compared with 3.15% for MBNE.
MBNE is categorized as Municipal Bonds, while KSLV is Silver. They also come from different issuers: State Street and Kurv. Their fees differ too: 0.43% for MBNE and 1.00% for KSLV.
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